Too clever by half…

Posted on Aug 06, 2009 by WHC Bassetti in Letters

We bought the Qs when they broke above the horizontal line.  A smart thing to do.  In May we saw the downdraft and said, aha, this is the beginning of the downwave and sold our position with a reasonable profit.  A dumb thing to do.  Or, clever.  Or, too clever by half.  Every time we try to anticipate the market we get egg on our faces.  We'll probably learn this lesson after another 40 years of experience.

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Tags: , ,

Comments

You must be a subscriber to view and submit comments on this post.